The V/L was the first commercially-produced caseless firearm. It was produced starting from 1968, but production was halted in 1969 when BATFA declared that the V/L had parts that constituted a firearm; Daisy was not licensed to make firearms. Instead of becoming a firearms manufacturer, Daisy decided to halt all production of the V/L.
The V/L uses a proprietary .22 caliber bullet. It has a small cylinder of propellant at the back, and lacked any form of primer. The rifle, when fired, launched hot compressed air to ignite the propellant and propel the projectile at the same time. A small, well-like obturator helped to compress the air as it was pushed through a tiny hole. As the air is pushed through the tiny hole, the obturator helps to ignite the air, enough to ignite the cartridge and propel the round.